RealNews

Terrorism concern spurs oil price rise

Crude oil futures rose yesterday for the first time in four sessions amid concern about terrorist attacks in the Middle East and major oil-consuming countries over the Memorial Day holiday. Attacks on oil facilities in Iraq and Saudi Arabia have resulted in price rises several times in the past two months. Terrorism concern has grown as U.S. gasoline supplies lag behind year-earlier levels before the peak demand summer months. “The security premium is still extant,” John Kilduff, senior vice president of energy risk management at Fimat USA Inc. in New York, said yesterday. “You’re going to see prices rise ahead of the holiday.” Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.